Inside Washington

February 19, 2016

WASHINGTON (2/19/16)--#HARPNow is the social media hashtag being promoted by the Federal Housing Finance Agency in its newly launched, 10-day campaign to alert struggling homeowners in 10 states that they can still refinance before the program expires at the end of the year (American Banker Feb. 17). The Home Affordable Refinance Program (HARP) reports that it has refinanced 3.38 million mortgages since 2009 but it is doubtful that the program will get another extension. The FHFA estimates that 367,000 borrowers--in the 10 targeted states--are still eligible for assistance. The states are: California, Florida, Georgia, Illinois, Maryland, Michigan, New Jersey, New York, Ohio, and Pennsylvania …

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